Cover Letter for Loan Application

Business Name_____________________
Address__________________________

Date_________________________
Lender's name, bank name, and address
_________________________________
_________________________________
Re: Loan Request for $______________ (loan amount)

Dear (Lender)___________________________:
I am requesting a small business loan of $____________. I have experience in this
industry including _______________________________________________ (mention
experience and qualifications).

The market for this business is

________________________________________________________________________
________________________________________________________________________
________________________________________________ (include a short description
of your business industry and expected growth).

My customer base and overall market includes

________________________________________________________________________

______________________________________________________________________
_________________________________________________ (provide short description
of target market and its demographics).

The competition includes __________________________________________________

________________________________________________________________________
_________________________________(include a brief paragraph about your
competition and what differentiates your business from the pack).

I am investing $___________ of my own money. My collateral consists of business

assets having a fair market value of $__________________ and personal assets valued at
$__________________ .

Please review the attached business plan which details the reasons for the loan request. If
you have any questions, please contact me at __________________ (include a phone
number).

Sincerely,
_________________________ (Your signature)
_________________________ (print name)